Question 5a
Marking Guide
1 mark each for: | |
| – review of audit file | |
| – ensure true and fair override not required | |
| – meet with directors | |
| – warn directors about qualification | |
| – effect on audit report (material or pervasive materiality) | |
| – draft report | |
| – letter of representation | |
| – assets may not need depreciation (see accounting standard) | |
| – discuss with audit committee | |
| – other relevant points | |
| maximum marks | 6 |